what is the difference between pay order & D.D.?

Answer Posted / ravi

pay order - means instructing to pay the amount to whom the
payment has to be made.

a/c payee - instructing to pay certain sum of amount to the name mentioned in pay......................


Demand draft - is also called d.d should make a d.d amount along with commission in favour of whom we are making payment.

Is This Answer Correct ?    4 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to mention last year profit of ay private limited company in current year balance sheet ?

815


In sales what rule applicable

1433


what is the difference between accounts manager and finance manager?

1714


proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario

1041


why the RRB'S not lend loans directly to farmers?

1510






Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry

1569


Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09

1845


Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar

1625


Expand------ARN

2027


Debit Note & Credit Note?

1706


Do v call director in the partnership firm?

1730


which Electrical items is Exciseible

1826


how to prepare mba finance for interview questions

2124


If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.

1741


Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?

1539